11am update - market behaving itself

The early bounce is failing..as expected. General weakness into the weekly close seems very likely, with a close in the 1740s now viable. No doubt some bears will get overly excited about 3 consecutive down days, despite a near certainty that the 1800s loom later in the month.


sp'60min

Summary

Will be interesting to see how many of the rats will start selling into the weekend. We saw a fair bit in yesterday closing hour, but should see much more today.
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*metals remain very weak, and the miners under severe pressure....

GDX, daily

Its starting to look real ugly for the gold bugs again.